Colt Defense LLC Announces Gerald R. Dinkel as President and Chief
Executive Officer of the Company

October 14, 2010 02:49 PM Eastern Daylight Time

WEST HARTFORD, Conn.--(EON: Enhanced Online News)--Colt Defense LLC announced today that the Board of Directors has
appointed Gerald R. Dinkel as President and Chief Executive Officer of
the Company.

Mr. Dinkel succeeds Lt. Gen. William M. Keys, USMC (ret.) who will
remain on the Board of Directors, as Chairman, of Colt Defense LLC.
General Keys has served as the President and Chief Executive Officer of
Colt Defense LLC and Chairman of its Board of Directors since 2002,
following a distinguished 34-year career in the United States Marine
Corps. General Keys’ leadership throughout his tenure has resulted in
Colt’s return to prominence as the worldwide leader in the military and
law enforcement small arms industry. In addition to the extensive
support provided by Colt Defense to the wars in Iraq, Afghanistan and
the global war on terrorism, General Keys’ vision to aggressively expand
the Company into the international market and his recent unveiling of a
unique, multi-caliber, modular carbine to meet the expressed needs of
U.S. forces in combat leaves an indelible legacy and a Company
well-poised for the future.

Mr. Dinkel’s broad defense industry experience and the high regard in
which he is held within the global defense community make him an ideal
choice to lead Colt Defense forward, building on its legendary 174 year
history to create a stronger and more diversified defense systems
company. A very customer-focused executive, he has a strong background
in defense systems development, program and general management,
international business and mergers & acquisitions. In August of 2009 he
became President and Chief Executive Officer of White Electronic Designs
Corporation, a Nasdaq-listed defense technology company later acquired
by Microsemi Corporation. Prior to White, he was a Senior Advisor with
Washington, DC-based Renaissance Strategic Advisors. From 2000 to 2007,
he served as President & CEO of Cubic Corporation's defense segment,
where he restructured the business and substantially grew revenue and
profitability. Prior to joining Cubic, Mr. Dinkel had a long career at
Westinghouse Electronic Systems where he played key roles in the
development and deployment of major weapon systems, including the F-16
and AH-64D Longbow Apache. Mr. Dinkel holds a Bachelor of Science degree
in electrical engineering from the Rose-Hulman Institute of Technology
in Indiana.

About Colt Defense LLC

Colt Defense LLC, together with its subsidiaries, is one of the world's
leading designers, developers and manufacturers of small arms weapons
systems for individual soldiers and law enforcement personnel. The
Company’s portfolio of products and services meets evolving military and
law enforcement requirements around the world. Colt Defense LLC has
supplied small arms weapons systems to the United States Government and
other governments throughout the world for more than 160 years. Colt
Canada Corporation is the Canadian government’s Center of Excellence for
small arms and is the Canadian military’s sole supplier of the C7 rifle
and C8 carbine. The Company and its subsidiaries maintain manufacturing
facilities in West Hartford, Connecticut; Kitchener, Ontario; and Delhi,
Louisiana. For more information on Colt Defense LLC and its subsidiaries
log onto www.colt.com.

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